Withdrawal
What is the purpose code for the inward remittance?
The purpose code for inward remittance is P0001 (Repatriation of Indian investment abroad in equity capital/shares).
My bank has asked me to fill an Annexure-E form. What details should I fill in under the remitting bank field?
The details of the remitting bank are as follows: Name of the bank from where remitted: J P Morgan Chase Bank Name of the branch of the bank from where remitted: J P Morgan Chase Bank, 1111 Polaris Pkwy, Columbus, Ohio
Can I withdraw funds to a different bank account and not to the bank account from which I deposited funds?
Yes, you can transfer/withdraw funds to any bank account where you are the primary account holder as long as that bank account is created in your employment or tax-resident country. Withdrawals to any other country are not allowed by our broker. It ...
How is unsettled cash different from buying power?
Buying power is defined as the cash/dollar amount available for trading in the account. For unrestricted cash accounts, buying power includes your settled cash + unsettled cash (all buy trades are debited, and all sell trades are credited from the ...
When can I withdraw funds after selling my holdings on Vested?
Once the sell order is executed, the funds are immediately reflected in your Vested account under the cash balance. However, please note that the time taken for settlement of trade is T+1 business day. After the cash is settled, you can place a ...
What is unsettled cash?
The proceeds created by selling a security are considered unsettled funds/unsettled cash from the time you place a trade order until the completion of the settlement period. Because stocks have a one-business-day settlement period, proceeds generated ...
Why aren't the withdrawn funds reflecting in my bank account?
It usually takes 1-3 business days for the funds to reflect in your bank account once your withdrawal request is processed by our broker partner. After 3 business days if the funds are still not credited to your bank account then kindly contact your ...
Could you share all the charges applicable for withdrawals?
There are no fixed fees on withdrawals in INR to your bank account. However, if you choose to withdraw in USD, a fixed fee of $5 is charged per withdrawal. If you are a premium user, you get the first two withdrawals free during your one-year ...
Can I withdraw funds to my U.S. bank account?
Yes, you can withdraw funds to your US bank account as long as you are the primary account holder in that US bank account.
How do I withdraw funds to my India bank account?
After you sell any securities, the funds will take T+1 business day to settle in your US brokerage’s cash account. Once these funds are settled, you can then place a withdrawal request. To place a withdrawal request, kindly follow the steps below: Go ...
What is the minimum and maximum amount that I can request as a withdrawal?
There is no minimum amount to withdraw funds in INR from your Vested account to Indian bank account via INR route. You can withdraw as low as $1. However, there is a fee of $3 if the withdrawal is under $100. If you are withdrawing in USD, the amount ...
Can I withdraw funds to a country outside my primary tax residency?
Vested now offers withdrawals to country which is not your primary residency. You can withdraw funds to your bank account in another country where you are not a tax resident. As per our compliance policy, you will need to share with us the below ...